AWS for Industries
Tag: Insurance
Building a modern, event-driven application for insurance claims processing – Part 2
In Part 1 of this series, you learned how insurance claims processing makes a good industry use case for event-driven architectures. In Part 2, you dive deeper into the application architecture and learn how each component or domain of the insurance claims processing system uses asynchronous events to coordinate communication. You learn why serverless services are well-suited […]
Building a modern, event-driven application for insurance claims processing – Part 1
In this series, you’ll learn to build a modern insurance claims processing application on AWS. You’ll see an application that uses an event-driven architecture to loosely couple the applications’ components. This application is built with Amazon EventBridge, AWS Step Functions, AWS Lambda, Amazon DynamoDB, and more. You’ll also learn why an event-driven architecture and serverless […]
How Cover-More launched their insurance platform into a new region and improved worldwide operations using AWS Managed Services
Cover-More, a leading global travel insurance provider that is part of Zurich Insurance Group, recently won the privilege of providing travel insurance services to Booking.com in Europe. To support this new distribution channel, Cover-More had an ambitious goal of launching a secure, flexible and resilient insurance platform in Ireland in three months – without any […]
Insurance distribution transformation – how insurance carriers can adapt to the new normal with AWS
With physical distancing and other quarantine measures put in place because of the COVID-19 pandemic, the activities once considered critical to have in-person are shifting to digital and remote channels. This change is also affecting the insurance industry. Having face-to-face interactions with customers has been challenging during this period and the distribution channels have faced […]
Make the most of AWS re:Invent 2021 – Financial Services Industry Guide
Celebrating its 10th year, AWS re:Invent 2021 is gearing up to deliver a week of inspiring content, educational workshops and bootcamps, and plenty of peer-to-peer networking opportunities. This year’s conference will take place in Las Vegas from November 29th through December 3rd, and will have an engaging virtual component for those who cannot join us […]
How ERGO built a Risk Management Platform for IFRS 17 and Solvency II Calculations using NoOps Principles
This post is co-authored with Tobias Lierzer of ERGO About ERGO Group ERGO Group is part of Munich Re – one of the world’s leading reinsurers and risk carriers. As one of the major insurance groups in Germany and Europe, ERGO Group is represented in around 30 countries worldwide, focusing mainly on Europe and Asia. […]
Transform Your Claims Adjudication Process through the Cognitive Insurance Platform
The Challenges with Existing Adjudication Processes Insurers today are seeking to enable more efficient claims processing to improve the experience for the adjudicator as well as the customer. Increased digitization and automation can help deliver this goal. In the Property and Casualty (P&C) industry, the frequency and severity of claims have been increasing and while […]
Accelerating the Adoption of Digital Engagement Technologies in Insurance
The insurance industry is under pressure—rapid advances in technology, demographic and economic shifts, disruptive business models from nimble new competitive entrants, increased customer expectations for frictionless engagement—just to name some of the issues insurers face in today’s environment. A company-wide digital transformation to address and harness these forces has been a top priority of many […]